Adsense

Monday, May 21, 2018

Daily analysis of major pairs for May 21, 2018


Daily analysis of USD/CHF for May 21, 2018


USD/CHF
The USD/CHF is bullish in the long-term, but neutral in the short-term. Price has been consolidating in the past two weeks; whereas that is not strong enough to render the recent bullish bias useless. There is going to be a breakout at last, but the movement to the upside will no longer be a serious thing.

While USDCHF is supposed to go upwards, there would be a challenge to the upwards move, because CHF is expected to gain serious stamina this week (major currencies will drop versus it). This means that the coming strength in CHF may hinder USDCHF from getting seriously pushed further northwards. 



Daily analysis of USD/JPY for May 21, 2018

USD/JPY
The bias on the pair is still bullish. The bullish movement that was witnessed last week has saved the ongoing bullish bias in the market. The bullish movement started in March 2018 and it has held out till now. The supply level at 111.00 was tested before price closed below it on Friday. The JPY may be weakened further this week.

There is a Bullish Confirmation Pattern in the market, which makes short trades not yet advisable. This week, there is a high probability that the market would continue going upwards, reaching the supply levels at 111.00, 111.50 and 112.00.

Daily analysis of EUR/JPY for May 21, 2018

EUR/JPY
The EUR/JPY has failed to go seriously upwards like its USD/JPY counterpart. The bias on this cross is bearish, but it is a precarious bias. What the market did last week was a zigzag movement without a clear directional propensity (although the general outlook still remains bearish).

Price moved upwards, downwards, and upwards again, within the supply zone at 131.50 and the demand zone at 129.50. A 200 –pip movement to the upside or to the downside would easily change the bias to bullish or bearish, and that is exactly what is expected this week.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 


Buy and sell Perfect Money/Payeer/Epay/Neteller/Skrill here; get funded quickly: www.ituglobalfx.com.ng  


Saturday, May 19, 2018

Weekly Trading Forecasts for Major Pairs (May 21 - 25, 2018)


Here’s the market outlook for the week:


EURUSD
Dominant bias: Bearish
This pair trended downwards last week, testing the support line at 1.1750. The market went essentially sideways on Thursday and Friday, and may go below the support line at 1.1750, to target another support line at 1.1700. About 250 pips have been lost this month, and it just seems to be the beginning. The outlook on EUR pairs is bearish for this week (EUR would be seen going downwards versus major currencies).




USDCHF
Dominant bias: Bullish
This trading instrument is bullish in the long-term, but neutral in the short-term. Price has been consolidating in the past two weeks; whereas that is not strong enough to render the recent bullish bias useless. There is going to be a breakout at last, but the movement to the upside will no longer be a serious thing. While USDCHF is supposed to go upwards, there would be a challenge to the upwards move, because CHF is expected to gain serious stamina this week (major currencies will drop versus it). This means that the coming strength in CHF may hinder USDCHF from getting seriously pushed further northwards. 

GBPUSD
Dominant bias: Bearish
The Cable is bearish in the long-term, but neutral in the short-term. The bearish movement that started last month, has continued this month (although price has been ranging in the short-term). There remains a valid Bearish Confirmation Pattern in the market, despite the fact that it has been ranging in the last two weeks. A breakout is imminent, which would most probably favor bears. The accumulation territories at 1.3450, 1.3400 and 1.3350 could be reached thus week.
.
USDJPY
Dominant bias: Bullish
The bullish movement that was witnessed last week has saved the ongoing bullish bias in the market. The bullish movement started in March 2018 and it has held out till now. The supply level at 111.00 was tested before price closed below it on Friday. This week, there is a high probability that the market would continue going upwards, reaching the supply levels at 111.00, 111.50 and 112.00.


EURJPY
Dominant bias: Bearish   
The bias on this cross is bearish, but it is a precarious bias. What the market did last week was a zigzag movement without a clear directional propensity. Price moved upwards, downwards, and upwards again, within the supply zone at 131.50 and the demand zone at 129.50. A 200 –pip movement to the upside or to the downside would easily change the bias to bullish or bearish, and that is exactly what is expected this week.


GBPJPY
Dominant bias: Bullish
The market is bullish, at least, in the very short-term. The current bullishness (which is not very strong), started on May 8, and it has been dragged on in spite of constant interferences from bears. Price succeeded in moving further northwards last week, almost reaching the supply zone at 150.00, before closing below it on May 18. This week, too much weakness in GBP could frustrate a clean bullish movement. Nevertheless, the supply zone at 150.00, might once again, be breached. 

This forecast is concluded with the quote below:

“According to Kermit the Frog, it’s not easy being green. For skillful traders, it’s not hard to be green. May your trades be green.” – attributed   





  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 




Thursday, May 17, 2018

Why we encourage customers to use Access Bank


 In our experience, Access Bank has the best online customers support system that exists in Nigeria. This is no exaggeration. We have had many experiences with other banks, online businesses and other online companies, Access Bank stands out.

Their physical customers support system may not be able to pull their weight; but their online support is excellent. Their email support is superb (they won’t ignore your messages), and Access Bank remains the very few banks that call their customers when there are serious issues online.

Their mobile and online facilities are excellent and their banking technology is always advanced.



Moreover:

As far as ItuGlobal/InstantForex is concerned, we encourage our customers to use Access Bank to receive cash transfers from us. They will also be glad to be able to send instant cash to us as well, using Access Bank cutting-edge mobile applications.

Withdrawal rate for all our verified sellers is N322/$; whereas withdrawal rate for all our verified sellers who use Access Bank is N325/$.

All our VIPs, Instaforex.com customers, and Tallinex.com customers, get a flat withdrawal rate of N340/$, no matter how much they sell (a minimum of 20 USD). On the other hands, all our VIPs, Instaforex.com customers, and Tallinex.com customers who use Access Bank, get a flat withdrawal rate of N345/$, no matter how much they sell (a minimum of 20 USD).

NB: You can now see the benefit you have when you use Access Bank as our customers.



Perfect Money/Payeer/Epay/Neteller/Skrill: www.ituglobalfx.com.ng


Perfect Money/Payeer/Epay/Neteller/Skrill: Itu Global



Trading realities: Trading realities 
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

Wednesday, May 16, 2018

Stay away from Petrel Resources


Petrel Resources stock (LSE:PET) is not an attractive market at all, and investors are advised to stay away until there is a clear directional movement.

The market is quite rough and choppy, having zigzagged so far (in the past few months). Price is currently above the EMA 21 (a false signal), and will go below it temporarily (to generate another false “sell” signal), only to go above it again.

The Williams’ % Range period 20 corroborates the current trendlessness by not going into overbought or oversold territory. It just stays in the middle. The signal in the market is neutral.

Investors are advised to stay away from Petrel Resources until there is a directional movement, which would lead to a bearish or a bullish signal.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 

BT Group Shares Fail!


BT Group shares (LSE:BT.A) has already failed to sustained its recent bullish effort. The market, which was bearish from January 2018 to March 2018, made desperate bullish effort in April, only to give way to bearish pulls.

ADX period 14 is above the level 30, showing a strong momentum. DM- is above DM+, meaning that bears are reigning at the moment.

The MACD default parameters, has its histogram and signal lines far above the zero line. There is a Bearish Confirmation Pattern in the market.

Since BT Group price has failed to continue its recent bullish effort (as evident in the current bearish signal), the market is expected to go further and further downwards, reaching the support levels at 200.00, 150.00, and eventually, 100.00.


Azeez Mustapha

Market Analyst, Trading Signals Provider and Coach

Trading realities: Trading realities
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 
                                               

Bitcoin Price Analysis – May 16


BTCUSD Medium-term Trend: Bearish


Resistance: $8,500, $8,400, $8,300
Support: $7,900, $8,000, $8,100   

Yesterday, May 15, the BTCUSD pair traded above the $8,500 price level and, at the same time, the bearish trend line was broken. Secondly, the candlestick also closed on the opposite of the trend line. The price action also showed that the price retouched the trend line and began a ranged bound movement. Based of that, it was assumed that the downtrend was over.

It was previously stated that Bitcoin price is unlikely to continue its downtrend. Today, the price was trading at $8,341.68 at the time of writing. However, the weekly chart shows that it fell again to the previous day's low of $8,341.68. Nevertheless, if the asset continues its fall, it will certainly retest the previous low of $8,000.

The relative strength index period 14 is level 27 indicating that the market is oversold. This suggests that the bulls will take control of the market. However, that does not mean the price will not retest the previous low of $8,000 because it can rally even at the oversold market condition.


BTCUSD Short-term Trend: Bearish

The daily chart shows that Bitcoin price has a bearish outlook. Yesterday, the asset was trading at $8,700 in a range bound movement. Later, the price fell to $8,500 and resumed its range bound movement. Bitcoin finally fell to $8,300. Since the price has broken the $8,500 level, it may find support at $8,000.


The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.

Tuesday, May 15, 2018

Ethereum Price Analysis – May 15


ETHUSD Medium-term Trend: Ranging


Resistance: $760, $750, $740   
Support: $700, $710, $720  

Yesterday, May 14th  the overall trend of Ethereum was bearish. The price of the asset had fallen from the highs of $830, $767 and $735 as per the bearish trend line. However, at the time of writing, the MACD line and the signal line were above the zero line indicating a buy signal. The price bars of Ethereum were above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing.



It was assumed that if the support level was broken, Ethereum would find support at $672. Today, Ethereum is currently trading at $723.67 at the time of writing. From the weekly chart, the price of the asset is above the $700  level. The asset is ranging from the support level at $700 to the resistance level at $750. Today the indicators are showing bullish signals. The MACD line and the signal line are above the zero line indicating a buy signal.
The price bars of Ethereum were above the 12-day EMA and 26-day EMA indicating that the bullish trend is ongoing. Therefore the price is expected to test the resistance level at $750 and reach further highs.


ETHUSD Short-term trend: Ranging

On the daily chart, the price of Ethereum is in a ranging market. At the levels of $690 and $700, the price of Ethereum was ranging. Then it had a bullish movement which took it to the high of $740. At the high of $740, it resumed its range bound movement.   

The views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.


Monday, May 14, 2018

Daily analysis of major pairs for May 14, 2018


Daily analysis of USD/CHF for May 14, 2018


USD/CHF
In the context of an uptrend the USD/CHF went sideways last week, ranging between the resistance level at 1.0000 (previously a support level) and the resistance level at 1.0050. Eventually, price closed below the resistance level at 1.0000 on Friday, and it may even test the support levels at 0.9950 and 0.9900.

There is a Bullish Confirmation Pattern in the 4-hour chart, which shows the possibility of further upwards movement. However, price would rise again, possibly reaching the resistance level at 1.0000 and breaching it to the upside. 



Daily analysis of USD/JPY for May 14, 2018

USD/JPY
The bias on the USD/JPY is bullish – and the trend is still in a precarious position. Price did not go in a strong directional movement last week. It only oscillated between the demand level at 109.00 and the supply level at 110.00.

A breach above the supply level at 110.00 is anticipated this week, although bulls may not be able to enjoy that victory for a long time, because there is a possibility of a fall back towards the demand level at 109.00. There is currently a Bullish Confirmation Pattern in the market, which is, though, weak.

Daily analysis of EUR/JPY for May 14, 2018

EUR/JPY           


In a bearish outlook, the EUR/JPY trended downwards on Monday and Tuesday, and then started to make a rally effort. It managed to close above the demand zone at 130.50 on Friday, in the context of a downtrend. It is much more likely that the rally would end up proffering a clean opportunity to go short in the market at strategic supply zones.


There is a Bearish Confirmation Pattern in the market. Unless the Euro gets strengthened considerably, there might be a reversal in favor of bears, which would enable the market to target the demand zones at 130.50, 130.00 and 129.50.

Performed by Azeez Mustapha,
Analytical expert
InstaForex Companies Group

                                                                                                                    


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 


Sunday, May 13, 2018

Bitcoin Long-term Price Analysis

BTCUSD Long-term Trend – Bearish


Distribution territories: $11,000.00, $12,000.00, $13,000.00.
Accumulation territories: $7,000.00, $6,000.00, $5,000.00.

Bitcoin has been consecutively witnessing bearish movements against the US dollar since the beginning of this week. Between May 5 and 6, the bulls were close to the distribution territory of $10,000.00 but were being slightly weakened, and the bears eventually took over. The 13-day SMA is still above the 50-day SMA.


Bitcoin’s price is currently trending southward towards the 50-day SMA within the distribution territory of $10,000.00 and the accumulation distribution territory of $8,000.00.
The Stochastic Oscillators have crossed and moved a bit southward past range 50. They are seemingly gathering momentum around said range. Expectations may see the current bearish movement lure traders into entering fake selling orders that will only last for a while.

The bulls can be believed to have started building up the required catalyst from the markets current down trend. The sentiment as to what investors are expected to do show us they can continue to enter long trades from bearish reversal trends. Traders can also look out for the same reversal format and take long entries by applying good money management rules


Views and opinions expressed here do not reflect that of CryptoGlobe.com and do not constitute financial advice. Always do your own research.



Saturday, May 12, 2018

Weekly Trading Forecasts for Major Pairs (May 14 - 18, 2018)


Here’s the market outlook for the week:


EURUSD
Dominant bias: Bearish
This pair trended downwards last week, testing the support line at 1.1850. Several attempts to breach the support line to the downside were not successful, and as such price bounced upwards by 100 pips from the line. The upwards bounce is seen as an opportunity to buy at slightly higher prices because the outlook on the market remains bearish, and price may continue going further downwards, eventually breaching the adamant support line at 1.1850 to the downside.     




USDCHF
Dominant bias: Bullish
In the context of an uptrend this trading instrument went sideways last week, ranging between the resistance level at 1.0000 (previously a support level) and the resistance level at 1.0050. Eventually, price closed below the resistance level at 1.0000 on Friday, and it may even test the support levels at 0.9950 and 0.9900. However, price would rise again, possibly reaching the resistance level at 1.0000 and breaching it to the upside. 

GBPUSD
Dominant bias: Bearish
The current bearish trend started in April 17, and what happened last week was just a pause the bearish trend.  The pause was a consolidation throughout last week; thus a breakout is imminent, which would most probably favor bears. The accumulation territory at 1.3500, which had been tested before, would soon be breached to the downside, as price targets other accumulation territories at 1.3450 and 1.3400.
USDJPY
Dominant bias: Bullish
The bias on the market is bullish – and the trend is still in a precarious position. Price did not go in a strong directional movement last week. It only oscillated between the demand level at 109.00 and the supply level at 110.00. A breach above the supply level at 110.00 is anticipated this week, although bulls may not be able to enjoy that victory for a long time, because there is a possibility of a fall back towards the demand level at 109.00.
.

EURJPY
Dominant bias: Bearish   
In a bearish outlook, price trended downwards on Monday and Tuesday, and then started to make a rally effort. It managed to close above the demand zone at 130.50 on Friday, in the context of a downtrend. Unless the Euro gets strengthened considerably, there might be a reversal in favor of bears, which would enable the market to target the demand zones at 130.50, 130.00 and 129.50.

GBPJPY
Dominant bias: Bearish
This cross was characterized by a zigzag movement throughout last week, although that did not affect the current Bearish Confirmation Pattern in the market. This week, price is supposed to continue moving further and further south (as soon as the current short-term trendlessness ends).  The demand zone at 147.50 was tested last week, before price rallied a bit further. The demand zones at 147.50, 147.00 and 146.50 may be tested this week

This forecast is concluded with the quote below:

“Of course, most traders enjoy the process of building up profits, the satisfaction of adept trading, or simply outwitting the crowd. But it is not just the outcome that is important, it is also the process.” – Andy Jordan




  


Trading realities: Traders realities
  

Buy and sell Perfect Money/Payeer/Epay; get funded quickly: www.ituglobalfx.com.ng


Start your journey to permanent success: http://www.tallinex.com/open-account?i=128521 



The default minimum deposit amounts are: $100 for Micro accounts, $500 for Pro-Managed accounts, and $2,000 for Pro accounts However, an optional "suggested deposit amount" parameter may be used.